BOGDAN CONSTRUCT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BOGDAN CONSTRUCT
Largest movements
- Receivables within one year +€97,075
up €97,075 (+228%), from €42,559 to €139,634
of which Trade receivables: +€94,809
- Cash +€10,097
up €10,097 (+4,329%), from €233 to €10,330
mainly Contributions, distributions and other (+€44,500) and Net result for the year (+€32,915)
- Tangible fixed assets -€1,975
down €1,975 (-35.5%), from €5,566 to €3,592
of which Plant, machinery and equipment: -€1,975
- Profit (loss) carried forward +€77,415
up €77,415, from -€68,972 to €8,443
- Accrued charges and deferred income +€30,000
new in 2024: €30,000
- Current portion of long-term debt -€11,507
no longer reported in 2024 (was €11,507)
- Trade debts +€6,752
up €6,752 (+41.4%), from €16,305 to €23,057
- Tax, wage and social debts +€4,375
new in 2024: €4,375
- Write-downs -€48,874
no longer reported in 2024 (was €48,874)
- Financial charges +€18,006
up €18,006 (+195%), from €9,243 to €27,249
- Depreciation -€17,520
down €17,520 (-89.9%), from €19,495 to €1,975
- Financial income +€9,870
up €9,870 (+16,449,717%), from €0 to €9,870
- Gross operating margin +€1,269
up €1,269 (+2.4%), from €52,456 to €53,725
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,520 | €158,717 | +€105,197 | +197% |
| Fixed assets | 21/28 | €10,566 | €8,592 | -€1,975 | -18.7% |
| Tangible fixed assets | 22/27 | €5,566 | €3,592 | -€1,975 | -35.5% |
| Plant, machinery and equipment | 23 | €5,566 | €3,591 | -€1,975 | -35.5% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €42,953 | €150,125 | +€107,172 | +250% |
| Amounts receivable within one year | 40/41 | €42,559 | €139,634 | +€97,075 | +228% |
| Trade receivables | 40 | €16,626 | €111,435 | +€94,809 | +570% |
| Other amounts receivable | 41 | €25,933 | €28,199 | +€2,266 | +8.7% |
| Cash at bank and in hand | 54/58 | €233 | €10,330 | +€10,097 | +4,329% |
| Deferred charges and accrued income | 490/1 | €161 | €161 | = | 0.0% |
| Total equity and liabilities | 10/49 | €53,520 | €158,717 | +€105,197 | +197% |
| Equity | 10/15 | -€58,689 | €18,726 | +€77,415 | |
| Contributions | 10/11 | €7,283 | €7,283 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,972 | €8,443 | +€77,415 | |
| Amounts payable | 17/49 | €112,209 | €139,991 | +€27,782 | +24.8% |
| Amounts payable after more than one year | 17 | €12,000 | €12,000 | = | 0.0% |
| Financial debts | 170/4 | €12,000 | €12,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €100,209 | €97,991 | -€2,218 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €11,507 | - | -€11,507 | |
| Financial debts | 43 | €52,533 | €50,060 | -€2,473 | -4.7% |
| Credit institutions | 430/8 | €52,533 | €50,060 | -€2,473 | -4.7% |
| Trade debts | 44 | €16,305 | €23,057 | +€6,752 | +41.4% |
| Suppliers | 440/4 | €16,305 | €23,057 | +€6,752 | +41.4% |
| Advances received on contracts in progress | 46 | €19,623 | €19,623 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €4,375 | +€4,375 | |
| Taxes | 450/3 | - | €4,375 | +€4,375 | |
| Other amounts payable | 47/48 | €241 | €876 | +€635 | +264% |
| Accrued charges and deferred income | 492/3 | - | €30,000 | +€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,495 | €1,975 | -€17,520 | -89.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €48,874 | - | -€48,874 | |
| Other operating charges | 640/8 | €1,845 | €1,456 | -€388 | -21.1% |
| Gross operating margin | 9900 | €52,456 | €53,725 | +€1,269 | +2.4% |
| Operating profit (loss) | 9901 | -€17,757 | €50,294 | +€68,052 | |
| Financial income | 75/76B | €0 | €9,870 | +€9,870 | +16,449,717% |
| Recurring financial income | 75 | €0 | €9,870 | +€9,870 | +16,449,717% |
| Financial charges | 65/66B | €9,243 | €27,249 | +€18,006 | +195% |
| Recurring financial charges | 65 | €9,243 | €27,249 | +€18,006 | +195% |
| Profit (loss) for the period before taxes | 9903 | -€27,000 | €32,915 | +€59,916 | |
| Profit (loss) for the period | 9904 | -€27,000 | €32,915 | +€59,916 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,000 | €32,915 | +€59,916 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.